26 Responses to Follow the money….to AGL

No, Biota. AGL are simply acting against the backdrop that successive governments have created. In doing so, they’ve returned money to shareholders. It isn’t AGL’s job to give you cheap energy; that would usually be a product of a functioning free market. The market has failed to do so because of massive levels of government interference.

Blaming AGL just encourages more regulation.. which will always, always make the punter worse off in the long run.

And the Queensland government is making big bucks by selling about a fifth of its coal-fired electricity production to the southern states at high prices, but you won’t hear a peep about this in the msm, or from the government itself. Talk about laughing all the way to the bank. It will probably make even under the NEG.

Even the leftist meeja that BEGGED AGL to close their coal plants and massively drive up the price of power are now outraged because they made $1bn. I don’t recall any whining when al-Gore made $1bn off the same scam.

John Brumble is spot on in this thread. Blaming private enterprise for the consequences of rights violating laws is the kind of leftist thinking that prevents conservatives from making any positive difference in politics.

AGL’s Tyrannosaurus business behaviour is the logical and entirely predictable outcome of 25 years of government failure in energy policy.

Certainly not an agile and disruptive Dr Evil. AGL is a slow-moving, rather dim corporate beast – with a rentier business culture based on its historic quasi-monopoly position in energy markets. It just happens to have had policy-break after policy-break gifted to it by government and quango dim bulbs.

But nothing that an embedded Social Licence Compliance Officer couldn’t fix.

Liberty Quote

When you think of the modern bureaucracy, imagine a different version of John F. Kennedy’s 1961 inauguration speech: Ask not what you can do for the public service, ask what the public service can do for you.